Monday, 21 December 2015

10am update - opening gains

US equities start the short week on a moderately positive note, although there are some distinctly shaky signs out there... not least as Oil remains weak, -1.0%. A daily close in the sp'2020s looks probable, as the wave from 2076/2005 is complete. Metals are notably strong, Gold +$10, with Silver +1.1%.




So.. we're somewhat higher, but clearly... with it being Christmas week, price action is going to be increasingly subdued. I guess that will give me time to highlight other things.

notable mover...

DIS, daily

Opening gains to $110, but like Friday... a rather severe opening reversal... already negative. There really isn't any support until the 104/100 zone.

Maybe the stock would have risen if box office sales were lousy? After all, its a twisted market.